📈 EURAUD Technical Outlook
The EURAUD pair is exhibiting a strong bullish structure, currently consolidating above prior highs after an impulsive breakout. This price behavior suggests a potential continuation move, targeting higher liquidity levels.
🔍 Market Structure & Price Action
Consolidation Above Breakout Zone:
Price is ranging tightly after breaking above previous resistance, indicating accumulation and preparation for the next leg higher.
Clear Buyside Liquidity Zones:
Multiple liquidity pools are visible above the current price, particularly around 1.8145. These areas are likely targets for institutional sweep activity.
Bullish Trend Intact:
The market structure remains firmly bullish with a series of higher highs and higher lows, supported by clean price action and consistent upward momentum.
📊 Indicator Insight – Ichimoku Cloud
Price Above the Cloud:
Price is holding above the Ichimoku Kumo (cloud), which confirms trend strength and provides dynamic support.
Future Kumo:
The leading span is angled upward, further supporting bullish sentiment.
🗓️ Fundamental Watch
Upcoming Australian economic data (as indicated by calendar icons) could serve as a catalyst for volatility and provide the necessary momentum for a breakout.
🎯 Key Technical Levels
Support Zone: 1.7860 – 1.7880 (cloud and structure confluence)
Resistance Target: 1.8145 (liquidity objective)
Bias: Strongly Bullish
Scenario: Minor retracement into the support zone followed by bullish rejection could initiate the next impulsive leg toward the 1.8145 liquidity sweep.
✅ Conclusion
EURAUD is positioned for a potential breakout as buyers accumulate above structural support. A move toward 1.8145 remains likely, provided price sustains above the current consolidation zone. Any bullish confirmation from the support zone may present a favorable long entry opportunity with the liquidity target overhead.
The EURAUD pair is exhibiting a strong bullish structure, currently consolidating above prior highs after an impulsive breakout. This price behavior suggests a potential continuation move, targeting higher liquidity levels.
🔍 Market Structure & Price Action
Consolidation Above Breakout Zone:
Price is ranging tightly after breaking above previous resistance, indicating accumulation and preparation for the next leg higher.
Clear Buyside Liquidity Zones:
Multiple liquidity pools are visible above the current price, particularly around 1.8145. These areas are likely targets for institutional sweep activity.
Bullish Trend Intact:
The market structure remains firmly bullish with a series of higher highs and higher lows, supported by clean price action and consistent upward momentum.
📊 Indicator Insight – Ichimoku Cloud
Price Above the Cloud:
Price is holding above the Ichimoku Kumo (cloud), which confirms trend strength and provides dynamic support.
Future Kumo:
The leading span is angled upward, further supporting bullish sentiment.
🗓️ Fundamental Watch
Upcoming Australian economic data (as indicated by calendar icons) could serve as a catalyst for volatility and provide the necessary momentum for a breakout.
🎯 Key Technical Levels
Support Zone: 1.7860 – 1.7880 (cloud and structure confluence)
Resistance Target: 1.8145 (liquidity objective)
Bias: Strongly Bullish
Scenario: Minor retracement into the support zone followed by bullish rejection could initiate the next impulsive leg toward the 1.8145 liquidity sweep.
✅ Conclusion
EURAUD is positioned for a potential breakout as buyers accumulate above structural support. A move toward 1.8145 remains likely, provided price sustains above the current consolidation zone. Any bullish confirmation from the support zone may present a favorable long entry opportunity with the liquidity target overhead.
Forex Market Analyst | XAU/USD Specialist
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Forex Market Analyst | XAU/USD Specialist
. VIP Signal Channel for Premium Insights
. Comprehensive Forex Mentorship Program
. Affiliate Program for growth-driven partners
Join Our Telegram t.me/Goldsignalspro12
. VIP Signal Channel for Premium Insights
. Comprehensive Forex Mentorship Program
. Affiliate Program for growth-driven partners
Join Our Telegram t.me/Goldsignalspro12
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.